. >> it seems like the president is handcuffing harry reid from bringing a bill to the floor now. the president is i believe slowing down the process, not helping. >> reporter: experts warn if a deal is not reached, the nation could slide back into recession. danielle nottingham, cbs news, washington. >>> again, if a deal is not reached tonight, there is one thing you need to be prepared for. for many of us, our paychecks will go down in the new year. here's why. the payroll taxes cut by 2 percentage points over the last two years to give the economy a little nudge. but experts say that tax holiday is coming to an end and the small tax break adds up over the course of a year. the center on budget and policy priority says it is about $100 billion that will come out of our paychecks to go to the government. goldman sachs says that ending the tax hol day would shave .6 percentage points off economic growth next year, which is not predicted to be strong. so let me tell you what the impact would be for you. if you make $50,000 a year that works out about $20 a week more you'll have to